Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1887-09-02
Willard to the Front Again.

New YORK, Aug. 21.-From al. appearances it
would seem that Henry Wizards star was again
III the ascendant. For several Days past Wall
street has been gossipping about the coming
election ofthe Northern Pacific over which there
IS the usual fight, but today the Spectators were
surprised and startled to hear that Henry Willard
had bought for the German sy Indicate for which
he is agent a six million interest in the stocks
and bonds of the Oregon Railway aud Navign-
ton company, which is the property Of the Ore
gon Tianscontinental. All sorts ;ot rnmprs vert:
circulated about tho transaction and It WAS cyc.l
stated that Mr.. Willard had Q tanned control .:
both the Oregon Railway and Navigation and thu
Oregon Transcontincntal roads. No one knew
exactly how to interpret the move. Some said 1t
was a flank movcnentof the Oregon Trausconti.
mental people to outwit tho Northern Pacific sfi-
cias, while others claimed that Elijah smith had
been caught mapping and Ind been attacked from
an unexpected quarter, The point Of the whole
matter seems TO! By, however that Willard acts Tor
the foreign syndicate healed by the Deutschc
bank for the purchase OF 100000 Of the Oregon
Navigation bonds, which they had been unable
20 place satisfactorily aud which they held tor
advances, also million Of tho guaranteed stock
of the same company. with an option on twomil
lions more. Thus the Oregon rranscotinental
receives litc more than five million dollars in
cash, Of which part has already been paid, gets
rid Of block Of bonds for which it had no pres
ent sale, and ut the same time parts with big
block Of Oregon Navigation stock. Thus it will
be enabled to make up u large amount of its bills
payable, disposc Of these obligations which fell
due this year and tide itself over another period
until 1t has need OF moro ready cash. The deal
IS peculiar III this that II seems satisfactory to
all parties OF cOurse 1t suits the seller, for he
foumla purchaser without bcing compelled 10
sacrifice pnythins At the same time tho North
crn l'acftic people are perfectly Hing TO see
Mr., Willard come Into power again. They have
no enmity against him, and would undoubtedly
welcome him back. backed rs he Is BY n power
full syndicate who have never lost faith him and
would gire him new financial backing. Tres
ilcnt Harris secns perfectly well satisfied with
the turn the matters hare taken, and 1t look.
as Il there would hen way ont cf " very tight
hole for all the parties. Or course Mr.. Willard
returns to the board u two cOmdallics OF Whish
he was once president II he cares 70. and what
would be more natnr,l than that he should take
place In the Northern Pacific. of witch he was
once president, as the of the large
interest which he has acquired. Tint Is he way
that It seems TO run. Elijah Smith could not
elect his own board. bnt by Il compromise he may
get Mr.. Nillard back again, witt, one Or two 9TH
er people whb Wonm not be 0bnoxions to tho
rest 81 the board Then, too. Mr.. Willard would.
Re IN : position u 70 hArmo,ise niasters Install
might De satis6ed, aud 4 change brought about
thst would bene6f thc isterests Of all concerned
That II the coneiuston arrivcd ~ by SONIC clenr